BNP Paribas Arbitrage SA Has $15.93 Million Holdings in United Rentals, Inc. (NYSE:URI)

BNP Paribas Arbitrage SA increased its holdings in United Rentals, Inc. (NYSE:URI) by 323.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 92,221 shares of the construction company’s stock after purchasing an additional 70,420 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.11% of United Rentals worth $15,929,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Signaturefd LLC bought a new stake in United Rentals during the first quarter valued at $128,000. First Dallas Securities Inc. bought a new stake in United Rentals during the fourth quarter valued at $129,000. Cypress Capital Management LLC WY boosted its position in United Rentals by 73.0% during the fourth quarter. Cypress Capital Management LLC WY now owns 770 shares of the construction company’s stock valued at $132,000 after acquiring an additional 325 shares during the last quarter. Optimum Investment Advisors bought a new stake in United Rentals during the first quarter valued at $164,000. Finally, Bronfman E.L. Rothschild L.P. boosted its position in United Rentals by 63.4% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 964 shares of the construction company’s stock valued at $166,000 after acquiring an additional 374 shares during the last quarter. 85.74% of the stock is currently owned by institutional investors.

URI opened at $164.46 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.92 and a debt-to-equity ratio of 2.75. United Rentals, Inc. has a fifty-two week low of $100.62 and a fifty-two week high of $190.74. The stock has a market capitalization of $14.04 billion, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 0.59 and a beta of 2.55.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, April 18th. The construction company reported $2.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.34 by $0.53. United Rentals had a net margin of 20.23% and a return on equity of 39.19%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the business posted $1.63 EPS. The firm’s revenue was up 27.9% compared to the same quarter last year. equities analysts forecast that United Rentals, Inc. will post 15.49 EPS for the current fiscal year.

United Rentals announced that its board has authorized a share buyback program on Wednesday, April 18th that allows the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization allows the construction company to buy up to 9.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

In related news, CEO Michael Kneeland sold 30,000 shares of the company’s stock in a transaction dated Friday, April 20th. The shares were sold at an average price of $169.00, for a total value of $5,070,000.00. Following the sale, the chief executive officer now owns 249,925 shares in the company, valued at approximately $42,237,325. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

A number of analysts have commented on URI shares. Morgan Stanley assumed coverage on shares of United Rentals in a research report on Friday, March 2nd. They set an “overweight” rating and a $194.00 price target on the stock. ValuEngine lowered shares of United Rentals from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Bank of America dropped their price objective on shares of United Rentals from $230.00 to $186.00 and set a “buy” rating on the stock in a report on Thursday, May 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. United Rentals presently has a consensus rating of “Hold” and an average target price of $188.64.

United Rentals Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.

Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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